Group 1 - The latest stock price of China Mobile is 107.69 yuan, an increase of 0.64% compared to the previous trading day [1] - The opening price was 107.16 yuan, with a highest point of 107.70 yuan and a lowest point of 106.32 yuan, resulting in a total trading volume of 2.303 billion yuan and a turnover rate of 2.39% [1] - China Mobile is a leading mobile communication operator in the communication services industry, providing mobile voice, data, broadband, and other information services across the country [1] Group 2 - Insurance companies are among the top ten circulating shareholders of China Mobile, with a holding market value of 5.135 billion yuan at the end of the reporting period [1] - Among the disclosed interim reports of listed companies, China Mobile ranks third in terms of market value held by insurance capital [1] - On the day of reporting, the net inflow of main funds into China Mobile was 115.1751 million yuan, with a cumulative net inflow of 317.9680 million yuan over the past five days [1]

Core Viewpoint - T-Mobile and AT&T are leading players in the U.S. telecommunications industry, each with distinct strategies and competitive advantages in the evolving market landscape [1][2][3]. T-Mobile Analysis - T-Mobile holds a strong position in the 5G market, with its network covering 98% of Americans, approximately 330 million people [4]. - The company has experienced significant postpaid customer growth and is enhancing its working capital management to improve free cash flow [4]. - T-Mobile is investing in network infrastructure to reduce outages and is collaborating with Starlink to introduce direct-to-cell service, aiming to expand its 5G offerings [6]. - The company has launched low-priced service plans to attract customers, which is leading to margin pressure due to intense competition from AT&T and Verizon [5]. - T-Mobile's sales and EPS estimates for 2025 indicate year-over-year growth of 5.91% and 9.27%, respectively, with EPS estimates improving by 1.44% over the past 60 days [11]. AT&T Analysis - AT&T is focusing on 5G and fiber investments, adapting its business model to market changes, and is seeing positive traction in its postpaid portfolio due to improved international roaming and higher-priced plans [7]. - The company is deploying an open radio access network (Open RAN) using Ericsson technology to enhance its network infrastructure and reduce reliance on non-U.S. vendors [7]. - AT&T's multi-access Edge Compute solution is designed to support low-latency applications, positioning the company competitively in the edge computing market [8]. - The sales growth estimate for AT&T in 2025 is projected at 1.5%, while EPS is expected to decline by 8.52%, with EPS estimates trending downward over the past 60 days [13]. Competitive Landscape - Both T-Mobile and AT&T face fierce competition from Verizon, impacting their growth potential in a saturated market [9]. - The spectrum crunch is a significant challenge for the U.S. telecom industry, complicating mobile data traffic management for all carriers [10]. - T-Mobile has outperformed AT&T in revenue and net income growth in recent quarters, driven by strong postpaid customer additions and an innovation-driven approach [17]. Investment Outlook - T-Mobile is currently rated as a Zacks Rank 2 (Buy), while AT&T holds a Zacks Rank 3 (Hold), indicating a more favorable investment outlook for T-Mobile [16]. - T-Mobile's shares trade at a higher price/earnings ratio of 21.57 compared to AT&T's 13.13, reflecting market confidence in T-Mobile's growth prospects [15].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA MOBILE LIMITED 中國移動有限公司 （根據公司條例在香港註冊成立之有限公司） 股份代號：941（港幣櫃台）及 80941（人民幣櫃台） 海外監管公告 2024年年度報告摘要 本公告乃中國移動有限公司（「本公司」）根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.10B條 而 作 出。 茲提述本公司在上海證券交易所網站刊登的《中 國 移 動 有 限 公 司2024年年度報 告 摘 要》，僅 供 參 考。 承董事會命 中國移動有限公司 楊 杰 董事長 香 港，2025年3月20日 前瞻性陳述 本 公 告 中 所 包 含 的 前 瞻 性 陳 述 不 構 成 亦 不 應 視 為 本 公 司 作 出 的 承 諾。這 些 前 瞻 性 陳 述 涉 及 已 知 和 未 知 的 風 險、不 確 定 性 以 及 ...